Creative Planning Makes New $394,000 Investment in Bar Harbor Bankshares (NYSEAMERICAN:BHB)

Creative Planning acquired a new position in shares of Bar Harbor Bankshares (NYSEAMERICAN:BHB) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,790 shares of the financial services provider’s stock, valued at approximately $394,000. Creative Planning owned approximately 0.08% of Bar Harbor Bankshares as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. BNP Paribas Financial Markets increased its position in shares of Bar Harbor Bankshares by 91.1% during the first quarter. BNP Paribas Financial Markets now owns 7,191 shares of the financial services provider’s stock worth $190,000 after acquiring an additional 3,429 shares in the last quarter. SlateStone Wealth LLC bought a new position in Bar Harbor Bankshares in the second quarter valued at $201,000. Algert Global LLC grew its position in Bar Harbor Bankshares by 19.7% in the second quarter. Algert Global LLC now owns 9,302 shares of the financial services provider’s stock valued at $250,000 after purchasing an additional 1,530 shares in the last quarter. SG Americas Securities LLC bought a new position in Bar Harbor Bankshares in the third quarter valued at $293,000. Finally, Prosperity Consulting Group LLC grew its position in Bar Harbor Bankshares by 34.8% in the second quarter. Prosperity Consulting Group LLC now owns 14,689 shares of the financial services provider’s stock valued at $395,000 after purchasing an additional 3,790 shares in the last quarter. Institutional investors own 54.49% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Piper Sandler reaffirmed a “neutral” rating and issued a $33.00 target price on shares of Bar Harbor Bankshares in a research report on Thursday, September 5th.

Bar Harbor Bankshares Stock Performance

Shares of NYSEAMERICAN:BHB opened at $35.74 on Friday. Bar Harbor Bankshares has a 12-month low of $23.26 and a 12-month high of $38.47. The company has a market cap of $545.75 million, a price-to-earnings ratio of 12.86 and a beta of 0.67. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.89.

Bar Harbor Bankshares (NYSEAMERICAN:BHB) last posted its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.12. Bar Harbor Bankshares had a net margin of 18.99% and a return on equity of 9.80%. The business had revenue of $58.23 million for the quarter, compared to analyst estimates of $37.30 million. As a group, sell-side analysts forecast that Bar Harbor Bankshares will post 2.82 EPS for the current year.

Bar Harbor Bankshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.36%. The ex-dividend date of this dividend is Thursday, November 14th. Bar Harbor Bankshares’s payout ratio is currently 43.17%.

Bar Harbor Bankshares Company Profile

Bar Harbor Bankshares operates as the holding company for Bar Harbor Bank & Trust that provides banking and nonbanking products and services primarily to consumers and businesses. It accepts various deposit products, including interest-bearing and non-interest-bearing demand accounts, savings accounts, time deposits, and money market deposit accounts, as well as certificates of deposit.